Trenton Construction Lawyer, Utah

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Michael Hepworth
About | Practice Areas
Hepworth & Associates
320 W 500 S Suite 200 Bountiful, UT 84010Â» view map
Real Estate
Things Get Better From Here

Providing professional and compassionate representation in various real estate cases. Hepworth & Associates are tough, strong and fair attorneys.

801-872-2222
1. Michael Hepworth Bountiful, UT
  Attorney at Law - UT, 2014
  Sturm College of Law J.D.
2. AboutHepworth & Associates
  We Are Here to Help
3. Practice AreasExpertise
  Real Estate
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Includes: Construction Contracts, Construction Liens, Housing & Construction Defects

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Josh M Chambers

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Joseph Michael Chambers

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Phillip R Shaw

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Craig Winder

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Christopher Lyle Daines

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Todd N Hallock

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40 W Cache Valley Blvd, Logan, UT 84341

800-923-0641

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LEGAL TERMS

UNCONSCIONABILITY

A seller's taking advantage of a buyer due to their unequal bargaining positions, perhaps because of the buyer's recent trauma, physical infirmity, ignorance, i... (more...)

A seller's taking advantage of a buyer due to their unequal bargaining positions, perhaps because of the buyer's recent trauma, physical infirmity, ignorance, inability to read or inability to understand the language. The unfairness must be so severe that it is shocking to the average person. It usually includes the absence of any meaningful choice on the part of the buyer and contract terms so one-sided that they unreasonably favor the seller. A contract will be terminated if the buyer can prove unconscionability.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.

FRIENDLY SUIT

A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two compani... (more...)

A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two companies might bring a friendly suit to court in order to clarify a legal interpretation of a contract between them.

DIVIDEND

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.

REAL PROPERTY

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that... (more...)

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that is not real property is termed personal property.

NET LEASE

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's ope... (more...)

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a 'triple net lease.' Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.

SHARED EQUITY MORTGAGE

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.

SAMPLE LEGAL CASES

BODELL CONSTRUCTION COMPANY v. Robbins

Â¶ 2 Bank One and Robbins argued before the district court that the settlement agreement between Bodell and Jenson was an "accord and satisfaction," meaning that the agreement was not limited to the claims between Bodell and Jenson but satisfied all related claims even those with ...

Reese v. TINGEY CONSTRUCTION AND/OR FREEMONT COMPENSATION INSURANCE GROUP

Â¶4 On May 18, 2004, Reese filed suit against Tingey Construction, alleging that it negligently constructed the railing and that absent the negligence, Reese would not have fallen. Reese and Tingey Construction voluntarily agreed to try to settle their dispute through mediation on ...

Magana v. Dave Roth Construction

Â¶ 2 Magana filed a negligence claim against DRC and ABM Crane Rental, asserting, in part, that DRC's superintendent, Brett Campbell, negligently rigged the bundle of trusses that fell on Magana. DRC later moved for summary judgment, claiming that Campbell did not actively ...

Trenton Construction Lawyer, Utah

Sponsored Law Firm

Hepworth & Associates

SPONSORED LAWYERS

Josh M Chambers

Joseph Michael Chambers

Phillip R Shaw

Craig Winder

Christopher Lyle Daines

Todd N Hallock

TIPS

LEGAL TERMS

UNCONSCIONABILITY

PRIVATE MORTGAGE INSURANCE (PMI)

ASSIGNMENT

MECHANIC'S LIEN

FRIENDLY SUIT

DIVIDEND

REAL PROPERTY

NET LEASE

SHARED EQUITY MORTGAGE

SAMPLE LEGAL CASES

BODELL CONSTRUCTION COMPANY v. Robbins

Reese v. TINGEY CONSTRUCTION AND/OR FREEMONT COMPENSATION INSURANCE GROUP

Magana v. Dave Roth Construction

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